In a ________ plan, the employer may determine the risk of the investments
Fill in the blanks with correct word
defined contribution
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BoTeck is a full-service technology company. It provides equipment, installation services, and training services. For a recent major group sale, the transaction price had a variable component contingent upon a threshold being reached. Revenue allocated to equipment and installation services was recognized in fiscal year 2015; revenue allocated to training services is being recognized over the
next two years through the end of 2017. Now, in February 2016, the contingent outcome previously expected has proven to be false and the transaction price has changed such that additional revenue should be recognized for these performance obligations. What is the proper accounting for this change in transaction price for equipment and installation services? A) prior period adjustment to increase 2015 revenue for the full amount of change B) increase 2016 and 2017 revenue by allocating adjustment equally to each year for the proportional amount of change C) increase 2016 revenue by allocating adjustment to January and February equally to each month for the proportional amount of change D) increase 2016 revenue by adjusting February for the full amount of change
The following labor standards have been established for a particular product: Standard labor hours per unit of output 3hoursStandard labor rate$12per hourThe following data pertain to operations concerning the product for the last month: Actual hours worked 6,700hoursActual total labor cost$80,200 Actual output 2,200 unitsRequired:a. What is the labor rate variance for the month?b. What is the labor efficiency variance for the month?
What will be an ideal response?
Leslie looked at the caller ID on her phone and quickly realized that it was Bob from the Slicko Sales Company calling. She was trying to stay calm, but her excitement was building with each ring of the phone. After two interviews with Bob, she was hoping and assuming that he was now calling to offer her the sales job
"Hello," Leslie said as she answered the phone. She tried to sound calm and confident. "Hey, Leslie, how are you doing?" Bob began the conversation. "Great," Leslie replied while thinking how exciting it would be to finally be able to tell all her friends and family that she landed a job. "Good to hear it," Bob responded. "I really enjoyed interviewing you for the Slicko Sales Company. Unfortunately, we just don't have any positions right now, so we're not hiring. But I was wondering, since we seemed to hit it off so well in the interview, if you'd like to go out with me sometime?" Leslie replied . . . What should Leslie say to Bob?
Regarding the volume of international trade, exports of U.S. goods and services ___________ in 2014.
A. exceeded $24.5 trillion B. were $2.3 trillion C. were nearly $1.0 trillion D. reached $1.6 trillion E. were nearly $5.0 trillion